Visant Corp. Reports Dip in Net Sales and Income

The Scholastic segment reported Adjusted EBITDA of $79.4 million, a decrease of $1.8 million compared to $81.2 million for fiscal 2009. This slight decrease was primarily due to the impact of higher precious metal costs year-over-year offset somewhat by higher prices.

The Memory Book segment reported Adjusted EBITDA of $163.4 million, an increase of $8.2 million, or 5 percent, compared to $155.2 million for fiscal 2009. This increase was primarily due to the impact of cost reduction initiatives and efficiencies.